Teradyne, Inc. (NASDAQ:TER) Shares Purchased by Alkeon Capital Management LLC

Alkeon Capital Management LLC increased its holdings in Teradyne, Inc. (NASDAQ:TER) by 189.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,144,017 shares of the company’s stock after acquiring an additional 749,003 shares during the period. Alkeon Capital Management LLC owned approximately 0.70% of Teradyne worth $153,218,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Kennedy Capital Management LLC raised its stake in shares of Teradyne by 5.9% in the 1st quarter. Kennedy Capital Management LLC now owns 14,219 shares of the company’s stock valued at $1,604,000 after acquiring an additional 787 shares during the period. B. Riley Wealth Advisors Inc. raised its position in Teradyne by 52.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,348 shares of the company’s stock valued at $491,000 after purchasing an additional 1,498 shares during the period. California State Teachers Retirement System lifted its stake in Teradyne by 0.4% during the first quarter. California State Teachers Retirement System now owns 247,997 shares of the company’s stock worth $27,982,000 after purchasing an additional 1,065 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Teradyne by 146.3% during the first quarter. Tidal Investments LLC now owns 11,591 shares of the company’s stock worth $1,307,000 after buying an additional 6,885 shares during the period. Finally, LRI Investments LLC purchased a new position in shares of Teradyne during the first quarter worth $68,000. Institutional investors and hedge funds own 99.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research note on Friday, August 16th. StockNews.com raised shares of Teradyne from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. Evercore ISI increased their target price on shares of Teradyne from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Robert W. Baird cut their price objective on Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Stifel Nicolaus decreased their target price on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $142.62.

Insiders Place Their Bets

In other news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 83,816 shares of the company’s stock, valued at approximately $10,896,080. This represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mercedes Johnson sold 625 shares of Teradyne stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the transaction, the director now directly owns 16,518 shares in the company, valued at $2,204,987.82. The trade was a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,199 shares of company stock valued at $1,080,634. 0.36% of the stock is currently owned by insiders.

Teradyne Stock Performance

Shares of NASDAQ TER opened at $108.09 on Friday. The stock’s 50-day simple moving average is $118.84 and its 200-day simple moving average is $131.36. The firm has a market capitalization of $17.60 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 2.34 and a beta of 1.52. Teradyne, Inc. has a fifty-two week low of $90.24 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a net margin of 18.75% and a return on equity of 18.56%. The company had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $716.40 million. During the same quarter last year, the company earned $0.80 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, sell-side analysts forecast that Teradyne, Inc. will post 3.17 earnings per share for the current fiscal year.

Teradyne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be paid a $0.12 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.44%. Teradyne’s dividend payout ratio is presently 15.24%.

Teradyne declared that its board has initiated a share buyback program on Monday, November 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 0.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.